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: so what exactly is the fiscal cliff? it's a nightmare combination of tax heights and spending cuts that congress agreed to to force themselves into a compromise but so far they haven't agreed on anything so barring a last-minute fix at the stroke of midnight on new year's eve the tax cuts expire, alternative minimum tax kicks in, more than half the families with two children would oe 4,000 more. on top of that, the 2011 temporary payroll tax cut would expire. so add on a 2% tax increase for most workers. then there would be automatic spending cuts in 1,000 government programs, defense, welfare, extended unemployment benefits. everything from veterans benefits, social security. that would act as a brake on the economy, throwing it back into recession and could cause a market crash. >> nbc's andrea mitchell reporting. >>> today at 1:00 p.m. eastern president obama will lay out the first steps since his re-election to help avoid this. nbc's tracie potts has the latest on that. >> reporter: in that speech, there will be a sp
: so what exactly is the fiscal cliff? it's a nightmare combination of tax heights and spending cuts that congress agreed to to force themselves into a compromise but so far they haven't agreed on anything so barring a last-minute fix at the stroke of midnight on new year's eve the tax cuts expire, alternative minimum tax kicks in, more than half the families with two children would oe 4,000 more. on top of that, the 2011 temporary payroll tax cut would expire. so add on a 2% tax increase for...
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will go over the fiscal cliff next year. however, the agency says that policy makers are likely to compromise in time to avoid most, if not all potential economic effects of the cliff. meanwhile, the nonpartisan congressional budget office says that tax hikes for the wealthy won't hurt economic growth but does warn, if america goes over the fiscal cliff, the economy will return to recession, and unemployment will go over 9%. aaron? >> jackie deangelis, thank you. >>> the fiscal cliff could have a devastating effect on northern virginia. a recent study found virginia could lose thousands of jobs because it had so many defense contractors and military agencies. governor bob mcdonnell is preparing for the worst. he's urging agency heads to look for potential cuts of 4% to their budgets for the 2014 fiscal year. >>> hailing a cab could get a little more pricey for the inauguration. the d.c. cab association is looking into implementing a surcharge for the weekend. the charge will reportedly target extra passengers in each car in
will go over the fiscal cliff next year. however, the agency says that policy makers are likely to compromise in time to avoid most, if not all potential economic effects of the cliff. meanwhile, the nonpartisan congressional budget office says that tax hikes for the wealthy won't hurt economic growth but does warn, if america goes over the fiscal cliff, the economy will return to recession, and unemployment will go over 9%. aaron? >> jackie deangelis, thank you. >>> the fiscal...
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so what exactly is the fiscal cliff? it is a nightmare combination of tax hikes and spending cuts that congress and the president agreed to. to force themselves into a compromise. but so far, they have not agreed on anything. so barring a last-minute fix at the stroke of midnight on new year's eve, the bush tax cuts expire. the alternative minimum tax kicks in. more than half of all married couples with two children would owe an additional $4,000 in taxes per year, for those with three children or more, that jumps to $4700, on top of that, the payroll tax cut would expire. so add on a 2% tax increase for most workers, with automatic spending cuts in a thousand government programs, including defense, medicare, extended unemployment benefits. everything but veteran's benefits and social security, pensions. congress says that action would act as a break on the economy, throwing it back into recession and could cause a market crash. >> people watching very closely is can the administration actually tackle those fiscal issues
so what exactly is the fiscal cliff? it is a nightmare combination of tax hikes and spending cuts that congress and the president agreed to. to force themselves into a compromise. but so far, they have not agreed on anything. so barring a last-minute fix at the stroke of midnight on new year's eve, the bush tax cuts expire. the alternative minimum tax kicks in. more than half of all married couples with two children would owe an additional $4,000 in taxes per year, for those with three children...
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cliff. >>> going over the fiscal cliff could have a huge impact on the local economy. thousands of people can lose their jobs, especially federal employees and government contractors. the defense industry could face billions of dollars in cuts. >> the third largest number of federal employees and probably the largest single number of federal contractors. so that federal nexus is really important to our economy. we need to end the uncertainty. >> economists say it's possible for us to "step over" the cliff. that means lawmakers will reach some kind of a deal in a few weeks after the new year begins. >>> breaking news right now. russia's president, vladimir putin, signed a controversial bill banning americans from adopting russian children. it goes into effect january 1st. there are estimates this could affect more than 1500 adoptions currently under way. the ban is widely viewed as retaliation for recent u.s. law targeting russians who abuse human rights. for a closer look at russia's proposed ban adoption, tune in to the "today" show starting at 7:00 on nbc4. >>> the a
cliff. >>> going over the fiscal cliff could have a huge impact on the local economy. thousands of people can lose their jobs, especially federal employees and government contractors. the defense industry could face billions of dollars in cuts. >> the third largest number of federal employees and probably the largest single number of federal contractors. so that federal nexus is really important to our economy. we need to end the uncertainty. >> economists say it's possible...
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. >>> they've got a three-step plan to avoid a fiscal cliff in january. that cliff, $1 trillion in automatic spending cuts hits on january 1st. the plan includes reducing the deficit by about $4 trillion over ten years. an overhaul of the tax code and changes to medicare and social security. several tax cuts could also end if the cliff is not avoided, meaning about $3,500 more in taxes for the average household. >>> american university is warning students to be on alert after a string of incidents where a man has groped students near campus. there have been four reported incidents in the last week. the most recent one happened sunday night on massachusetts avenue. police say the suspect comes up from behind, grabs girls inappropriately, and then runs away. >> i normally feel really safe around here. i'm not in the city or anything. that's a little bit terrifying. >> something's got to be done. i mean, it's definitely uncalled for and not okay. >> au sent an e-mail to students to alert them about the attacks. the university is asking the students to walk i
. >>> they've got a three-step plan to avoid a fiscal cliff in january. that cliff, $1 trillion in automatic spending cuts hits on january 1st. the plan includes reducing the deficit by about $4 trillion over ten years. an overhaul of the tax code and changes to medicare and social security. several tax cuts could also end if the cliff is not avoided, meaning about $3,500 more in taxes for the average household. >>> american university is warning students to be on alert after...
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cliff next tuesday each side says the other is to blame. >> we can avoid the fiscal cliff if the president and the democrat-controlled senate step forward and work with republicans to solve this problem and solve it now. >> reporter: all over the country right now, uncertainty is in the air. >> it's not a matter of am i going to pay my light bill but is it going to deplete my savings. >> even if the impact isn't real, the perceived impact could cause a dropoff in sales. >> reporter: gets a deal is up to the top democrat and top republican. >> we are engaged in discussions, the majority leader and myself and the white house in the hopes we can come forward as early as sunday and have a recommendation. >> whatever we come up with will be imperfect. that's where we are. >> reporter: harry reid and mitch mcconnell say they are confident they can find a compromise but they have to sell it to house speaker john boehner and his fellow republicans before monday night's deadline. brian mooar, nbc washington. >> and david gregory will have an interview with president obama on "meet the press." that'
cliff next tuesday each side says the other is to blame. >> we can avoid the fiscal cliff if the president and the democrat-controlled senate step forward and work with republicans to solve this problem and solve it now. >> reporter: all over the country right now, uncertainty is in the air. >> it's not a matter of am i going to pay my light bill but is it going to deplete my savings. >> even if the impact isn't real, the perceived impact could cause a dropoff in sales....
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. >> time is up to avert the fiscal cliff. the last minute scrambling at this house going on behind closed doors. >> and the redskins pull it off. they knock off the cowboys. >> welcome to news 4 midday. >> it's new year's eve, monday, december 31, 2012. >> it's down to the wire. we are less than 24 hours away from hitting the so-called fiscal a cliff right now. the house and senate are striking a deal oh avoid massive tax hikes and spending cuts. derek ward is live with more on what's happening today. >> the end is near. that's the end of the year, of course. what about the path that ends at the end of the fiscal cliff. senators should be back at it. the house reconvened this morning. such new year's eve appearances are on the hill. senate minority leader mitch mcconnell and joe biden kept in place to avoid $200 billion in tax increases. broad stroke spending cuts and domestic and defense spending. they would take effect gradually over a period beginning at midnight if the white house and congress can't reconcile their differ
. >> time is up to avert the fiscal cliff. the last minute scrambling at this house going on behind closed doors. >> and the redskins pull it off. they knock off the cowboys. >> welcome to news 4 midday. >> it's new year's eve, monday, december 31, 2012. >> it's down to the wire. we are less than 24 hours away from hitting the so-called fiscal a cliff right now. the house and senate are striking a deal oh avoid massive tax hikes and spending cuts. derek ward is...
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the fiscal cliff that could be coming this way. the president is expected to urge congressional leaders to put their differences aside for the good of the nation. this is his first public reaction since being reelected as president. >>> turning to the weather, sunny, but it's chilly. >> the good news? >> yeah. >> it's warming up. storm team 4 tom kierein is here with the forecast. >> hey, tom. >> i love that sapphire sky, gorgeous sunshine around the region now thanks to high pressure that's been pushing in since last night. clearing the sky out, here is what's been happening over the last 12 hours. a beautiful, beautiful blue sky that is going to be with us through the afternoon. tonight is clear as we get into the weekend. yes, the winds will be shifting to the south and it begins to warm us up. still a chill in the air. the areas in green are climb sboog the 50s. reagan national at 52 degrees. out of the mountains, the areas in blue are in the 40s in most locations. montgome montgomery, arlington, fairfax into the low to -- low
the fiscal cliff that could be coming this way. the president is expected to urge congressional leaders to put their differences aside for the good of the nation. this is his first public reaction since being reelected as president. >>> turning to the weather, sunny, but it's chilly. >> the good news? >> yeah. >> it's warming up. storm team 4 tom kierein is here with the forecast. >> hey, tom. >> i love that sapphire sky, gorgeous sunshine around the...
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. >> plus, eight day before the mi fiscal cliff. what are the prospects for a fiscal cliff. what are the prospects for a solutwe know why we're here. to chart a greener path in the air and in our factories. ♪ to find cleaner, more efficient ways to power flight. ♪ and harness our technology for new energy solutions. [ female announcer ] around the globe, the people of boeing are working together, to build a better tomorrow. that's why we're here. ♪ ♪ [ engine revs ] ♪ [ male announcer ] oh what fun it is to ride. get the mercedes-benz on your wish list at the winter event going on now through december 31st. [ santa ] ho, ho, ho! [ male announcer ] lease a 2013 e350 for $579 a month at your local mercedes-benz dealer. >>> since we announced we were going to have the nra's wayne lapierre on the program, we received so much feedback on line, more than 40,000 saw this post alone. we'll continue to monitor that conversation online. tell us what you saw on the interview at facebook.com/meetthepress or on twitter. in the meantime, we're going to find out what these two in
. >> plus, eight day before the mi fiscal cliff. what are the prospects for a fiscal cliff. what are the prospects for a solutwe know why we're here. to chart a greener path in the air and in our factories. ♪ to find cleaner, more efficient ways to power flight. ♪ and harness our technology for new energy solutions. [ female announcer ] around the globe, the people of boeing are working together, to build a better tomorrow. that's why we're here. ♪ ♪ [ engine revs ] ♪ [ male...
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. >>> and 27 days to go when the fiscal cliff arrives, so why are so many members of the house going home when they're supposed to be working on it? >>> and people showing up for others, right when they need it. nightly news begins now. >>> good evening, we begin tonight with an important story, details of which may sound very familiar to a lot of americans, given our history over the past few years in places like iraq. tonight, pentagon sources are telling nbc news syria is preparing chemical weapons for their possible use against the syrian people in the form of aerial bombs. it is believed this specific intelligence is the reason why president obama took a hard line against syria just a few days ago, warning them there would be consequences if these weapons were used. let's begin here tonight with the very latest. on what we know, starting with our pentagon correspondent, jim miklaszewski. good evening very >> reporter: good evening, brian, u.s. officials tell us that the syrian military is poised tonight to use chemical weapons against its own people. and all it would take is the
. >>> and 27 days to go when the fiscal cliff arrives, so why are so many members of the house going home when they're supposed to be working on it? >>> and people showing up for others, right when they need it. nightly news begins now. >>> good evening, we begin tonight with an important story, details of which may sound very familiar to a lot of americans, given our history over the past few years in places like iraq. tonight, pentagon sources are telling nbc news...
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fiscal cliff. we're going to fall off this cliff. and they say, look, we're ordinary hard-working americans. some of us may earn what is considered a very successful salary, up to $250,000. but they don't consider that what they call living so large that taking upwards of a $4,000 tax hit is something that they can tolerate. i was struck, though, by how our listeners said, look, we are realistic and we know that we may have to make some sacrifices. but we're not willing to do that, and we're going to stand up and not allow the rich to continue to get away with what they see is as unfair deal in this country, the rich get richer, while the middle class and the folks bear the biggest burden in this country. >> all right. thanksgiving is upon us. don't have to tell you. >> i can't believe it. >> you folks are in a very giving spirit at whur. tell us what you've got going. >> we're entering our season of giving, where our listeners really come out in full force. they're big givers, jim. we're hosting a number of events. where the public
fiscal cliff. we're going to fall off this cliff. and they say, look, we're ordinary hard-working americans. some of us may earn what is considered a very successful salary, up to $250,000. but they don't consider that what they call living so large that taking upwards of a $4,000 tax hit is something that they can tolerate. i was struck, though, by how our listeners said, look, we are realistic and we know that we may have to make some sacrifices. but we're not willing to do that, and we're...
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we've been talking about this fiscal cliff for months. what is it? a lot of things happening at once. there's extended unemployment benefits expiring, the ones democrats had pushed for. 2% payroll tax cut expiring. that was money in your pocket this year. the bush tax cuts expiring january 1st. medicare payment cuts are looming. and this is a big one. automatic spending cuts, 500 billion of which will hit the pentagon. congress has got to deal with these things. are they willing to compromise? >> we won't solve the problems of our fiscal imbalanceover night and certainly won't do it in a lame-duck session of congress and it won't be solved by taking a plunge off the fiscal cliff. what we can do is avert the cliff in a manner that serves as a down payment on and a catalyst for major solutions enacted in 2013 to begin to solve the problem. >> those automatic spenting cuts that i talked about that will hit the pentagon, that was all part of the deal to try to bring down the deficit. before the election, president obama said if re-elected, he thought he
we've been talking about this fiscal cliff for months. what is it? a lot of things happening at once. there's extended unemployment benefits expiring, the ones democrats had pushed for. 2% payroll tax cut expiring. that was money in your pocket this year. the bush tax cuts expiring january 1st. medicare payment cuts are looming. and this is a big one. automatic spending cuts, 500 billion of which will hit the pentagon. congress has got to deal with these things. are they willing to compromise?...
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the joint economic committee hearing on what can be done for the fiscal cliff. treasury secretary timothy geithner says the administration is willing to go over the cliff, let taxes go up, let these taxes happen if republicans press the idea of no tax increases for the wealthy. the latest we've learned, president obama and house speaker john boehner have spoken by phone. no word on what they discussed or whether there are any meetings planned, but just the fact that they're talking seems to be progress these days here on capitol hill. >> we'll take that. tracie potts for us in washington. tracie, thanks. >>> egypt state television is reporting at least five people were killed in overnight flashes between supporters and opponents of egyptian president mohammed morsi. the street battles were the most violent since egypt's latest crisis erupted two weeks ago where morsi assumed near absolute power. the opposition is vowing more protests later today. >>> this morning, two australian radio hosts are apologizing for a prank call that's getting worldwide attention. it
the joint economic committee hearing on what can be done for the fiscal cliff. treasury secretary timothy geithner says the administration is willing to go over the cliff, let taxes go up, let these taxes happen if republicans press the idea of no tax increases for the wealthy. the latest we've learned, president obama and house speaker john boehner have spoken by phone. no word on what they discussed or whether there are any meetings planned, but just the fact that they're talking seems to be...
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moving to fiscal cliff. that affects a lot of people in our area obviously. it seems like there is going to be a resolution of some sort. what is the possibility of this being long term? >> i don't think brinksmanship is a big strategy here for either side. i think the president has got leverage on taxes and he wants to see taxes go up on wealthier americans. they want to avoid these automatic spending cuts that will take affect by the end of the year. i think you'll see something that kicks us down the road a little bit into next year's congress to give them a little more breathing room, or they are going to break this up in a way and try to get some things done by the end of the year. the latter is what they are pushing for. the president wants to deal sooner rather than later. weariness on all sides about how they go about it. but there is a sense of the president feeling that the mandate here is for compromise and they don't want another, you know, drama-filled grand bargain negotiation that goes down. we'll be talking to the intelligence chairs. dianne f
moving to fiscal cliff. that affects a lot of people in our area obviously. it seems like there is going to be a resolution of some sort. what is the possibility of this being long term? >> i don't think brinksmanship is a big strategy here for either side. i think the president has got leverage on taxes and he wants to see taxes go up on wealthier americans. they want to avoid these automatic spending cuts that will take affect by the end of the year. i think you'll see something that...
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. >> to sell democrats on the fiscal cliff deal he made with senate republicans. it would keep taxes from rising on 98% of americans but raise rates on families making over $450,000 a year. president obama campaigned for a lower cut off. $250,000. but he claimed victory. >> keep in mind that just last month republicans in congress said they would never agree to raise tax rates on the wealthiest americans. >> reporter: but house speaker john boehner and his gop lawmakers might still not agree. >> the house stands adjourned until noon tomorrow. >> boehner sent house lawmakers home to celebrate the new year without a vote to avoid the fiscal cliff. >> listen, this is disgusting. and everybody involved should be embarrassed. >> off the cliff at midnight the economy could take a hit but senate leaders hope to counter that with a rare, strong, bipartisan vote. house conservatives could still reject the plan and keep america from climbing back up the cliff. i'm steve handelsman, news 4, capitol hill. >> again the senate is expected to vote on those bills sometime late to
. >> to sell democrats on the fiscal cliff deal he made with senate republicans. it would keep taxes from rising on 98% of americans but raise rates on families making over $450,000 a year. president obama campaigned for a lower cut off. $250,000. but he claimed victory. >> keep in mind that just last month republicans in congress said they would never agree to raise tax rates on the wealthiest americans. >> reporter: but house speaker john boehner and his gop lawmakers might...
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. >>> just hours away from the fiscal cliff deadline and still no deal. lawmakers called it a day around 7:30 tonight and will be back tomorrow. they're stuck on the income threshold for higher taxes and the taxevel on large estates. vice president joe biden has taken over as lead negotiator for democrats and expected to keep working with mitch mcconnell. steve handelsman explains why some lawmakers might prefer to go over the cliff. >> reporter: the night before the fiscal cliff. >> the senate stands in recess. >> reporter: the senate gave until tomorrow. >> there still time left to reach an agreement. >> reporter: house lawmakers headed home, dropping a command to cut social security and hope the senate sends them a deal with minimal tax hikes on the rich. >> i'm still optimistic that we can get this averted before the final hour here tomorrow. >> reporter: when the clock strikes 2013, taxes go up on most americans. huge defense cuts kick in, which some republicans claim barack obama favors. >> it's obvious the president wants us to go over the fiscal c
. >>> just hours away from the fiscal cliff deadline and still no deal. lawmakers called it a day around 7:30 tonight and will be back tomorrow. they're stuck on the income threshold for higher taxes and the taxevel on large estates. vice president joe biden has taken over as lead negotiator for democrats and expected to keep working with mitch mcconnell. steve handelsman explains why some lawmakers might prefer to go over the cliff. >> reporter: the night before the fiscal...
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the stock market responded to the fiscal cliff deal with a big rally, but there are signs release may not last long. some republicans were angered by president obama's remarks last night. >> we will not have another debate with this congress over whether or not they should be the bills that they have already rack up. >> if the president thinks he 'not going to negotiate, he better thing again. >> john boehner signaled a return to a hard line on spending by delays a vote on aid to the victims of hurricane sandy. several members of his own party immediately and loudly blasted him this afternoon, including new jersey governor chris christie. the speaker has now scheduled a vote for friday and a second vote on january 15th. >>> and the speaker has just responded to that criticism through a spokesman this evening. nbc news correspondent mike viqueira is nbc's washington bureau right now. mike, how much support does the speaker have right now to stay in that position? >> you know, jim, that's a great question. there's been a lot of speculation over the last couple days. after all that turmo
the stock market responded to the fiscal cliff deal with a big rally, but there are signs release may not last long. some republicans were angered by president obama's remarks last night. >> we will not have another debate with this congress over whether or not they should be the bills that they have already rack up. >> if the president thinks he 'not going to negotiate, he better thing again. >> john boehner signaled a return to a hard line on spending by delays a vote on aid...
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he wants to get the fiscal cliff business done with so don't be in a rush to await that decision. chris: when we return, the the week, will barack obama's scores in the second term be on foreign policy or here at home? k of hunger. that's more than the population of new york city, chicago and los angeles combined. you can make a difference in your community and help end childhood hunger... the more you know. chris: welcome back. syria, egypt and afghanistan are just the foreign policy challenges we already know about russia out china and there which brings us to the big question this week -- will the president's second term triumphs be abroad or here at home? >> i think his second term will be defined by foreign policy and looming confrontation over iran. chris: politco has spoken. >> despite all of the domestic issues, he will have a bigger role to play on the world stage and brought into that with events whether it be syria, iran. >> leadership just changed in china for the first time in 10 years, the most important economic relationship we have in the world and he's got to make
he wants to get the fiscal cliff business done with so don't be in a rush to await that decision. chris: when we return, the the week, will barack obama's scores in the second term be on foreign policy or here at home? k of hunger. that's more than the population of new york city, chicago and los angeles combined. you can make a difference in your community and help end childhood hunger... the more you know. chris: welcome back. syria, egypt and afghanistan are just the foreign policy...
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you would avoid the fiscal cliff for now. you kick the can down the road. this is washington dysfunction at its height but it would forestal the cliff >>> i wonder if we are seeing a change to speaker boehner that got his hand slapped by some members of his party. is there long-term damage here? >> the white house is that they don't have a real partner to negotiate with. republicans are facing a reality that the public is supportive of raising taxes on wealthier americans. they are likely to have to support that. the question is always whether boehner is going to move forward without a majority support from his own party on a particular bill that may start from coming from the senate. these are debates that have to still be resolved. even if there is a short-term deal, these big issues over taxes and spending are far from resolved. if we get into the president's second term, they are still going to be occupying him. >> for folks who maybe may not have focused, if no deal is done, virtually, everybody's taxes would go up, correct? >> correct. automatic spend
you would avoid the fiscal cliff for now. you kick the can down the road. this is washington dysfunction at its height but it would forestal the cliff >>> i wonder if we are seeing a change to speaker boehner that got his hand slapped by some members of his party. is there long-term damage here? >> the white house is that they don't have a real partner to negotiate with. republicans are facing a reality that the public is supportive of raising taxes on wealthier americans. they...
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. >>> the biggest reason for that wall street trouble, the so called fiscal cliff approaching this morning. john boehner says he and republicans are willing to work with president obama and democrats to reach a deal to avoid sweeping cuts and tack hikes. boehner warns that a deal won't come easily. >> we won't solve the problem of our fiscal imbalance overnight and certainly won't do it in a lame-duck session of congress and it won't be solved by taking a plunge off the fiscal cliff. what we can do is avert the cliff in a manner that serves as a down payment on and a catalyst for major solutions enacted in 2013 to begin to solve the problem. >> speaker boehner says the deal could include new tax revenue to help reduce the national debt. >>> new this morning, we've learned president obama will be making a ground breaking trip in two weeks. an official from the southeast asian country of myanmar says the president will visit on either november 18th or 19th. it will be the first ever visit to that country by a u.s. president. the obama administration is trying to encourage democracy in that c
. >>> the biggest reason for that wall street trouble, the so called fiscal cliff approaching this morning. john boehner says he and republicans are willing to work with president obama and democrats to reach a deal to avoid sweeping cuts and tack hikes. boehner warns that a deal won't come easily. >> we won't solve the problem of our fiscal imbalance overnight and certainly won't do it in a lame-duck session of congress and it won't be solved by taking a plunge off the fiscal...
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. >> reporter: the fiscal cliff has been moved back to march. the department of defense is likely to take a hit. they could see $55 billion in cuts over the next 10 to 11 years. hire in garrisonville they get a lot of business. >> he gets 2300 b.a.x, but only wanded to spend 19. >> others are usually the places they scale back first. >> i have a come -- >> here at the salon, they have not seen any fiscal fear factors yet among the customers. the owner is not biting her nails in anticipation of the worst. >> i hope nothing bad happens. >> the big defense contractors can -- but not so for the small businesses. certainly more optimistic than most we encountered. >> people have been anticipating this and not spending money. on the other hand, i feel quite confidence about the future. >> reporter: as for those who have seen fiscal fear, there's hope there too. >> just pray for the best. >>> a cold case murder and two rapes in prince george's county all solved. a man already behind bars will now spend of rest of his life there. the prince george's cou
. >> reporter: the fiscal cliff has been moved back to march. the department of defense is likely to take a hit. they could see $55 billion in cuts over the next 10 to 11 years. hire in garrisonville they get a lot of business. >> he gets 2300 b.a.x, but only wanded to spend 19. >> others are usually the places they scale back first. >> i have a come -- >> here at the salon, they have not seen any fiscal fear factors yet among the customers. the owner is not biting...
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it's not a fiscal cliff so much as a fiscal slope. they believe if the markets think congress is working towards a deal, that's enough to avert any real economic calamity, however, if you see january 2nd and still no deal and market's not performing well, maybe that will make them work towards an agreement that much more quickly emplts so this event at the white house, the president did not hold back. that didn't sit well with a lot of republicans. >> no, it did not. one of the hangups, guys, is remember the sequester we talked about, the automatic cuts to the defense discretionary programs part of the deal we had in 2011. right now the hold up on this deal is what to do about those automatic spending cuts. democrats would like to see the revenue that they get to pay them down. republicans want to replace them with new spending cuts. the president today and the comments saying called out congress that they waited too long. that upset a lot of republicans who thought the negotiations between mitch mcdonnell and vice president biden had
it's not a fiscal cliff so much as a fiscal slope. they believe if the markets think congress is working towards a deal, that's enough to avert any real economic calamity, however, if you see january 2nd and still no deal and market's not performing well, maybe that will make them work towards an agreement that much more quickly emplts so this event at the white house, the president did not hold back. that didn't sit well with a lot of republicans. >> no, it did not. one of the hangups,...
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we invite you to stay with news4 for continuing coverage on the fallout from the fiscal cliff deer. coming up later, northern virginia bureau reporter will talk to lawmakers from virginia about the potential impact of sequestration on that statement. >>> the big story on capitol hill today, the battle over a multibillion dollar bill to provide aid to states slammed by hurricane sandy. this after lawmakers on both sides of the all lashed out to boehner. critics say it contains wasteful spending. but lawmakers say people are suffering and they need help right now. >> only one group to blame, the how george. >> they made the season over the controversy over a fiscal cliff. it wasn't probably to -- obviously that is his decision, we disagreed and made it clear last night, but it's in the past. >> because boehner promised two separate votes. the first on a -- another it's expected -- a dangerous situation at the the flames set on the floor boxes of ammunition, threatening everyone who rushed to help. news4's pat collins is in maryland city, where a disabled man died in this fire. pat? >>
we invite you to stay with news4 for continuing coverage on the fallout from the fiscal cliff deer. coming up later, northern virginia bureau reporter will talk to lawmakers from virginia about the potential impact of sequestration on that statement. >>> the big story on capitol hill today, the battle over a multibillion dollar bill to provide aid to states slammed by hurricane sandy. this after lawmakers on both sides of the all lashed out to boehner. critics say it contains wasteful...
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we're no longer counting the days but the hoursntil we reach the fiscal cliff. congress goes back to work in a few hours. at the last minute, the vice president is getting involved. we're going to have the latest on those talks ahead. >>> right now, at 6:00, here it is. already 2013 in auckland, new zealand. this is a live look there right now. they are the first to ring in this new year. >> exciting. >> very exciting. happy new year. >> happy new year to you too and everyone out there in new zealand. >> beautiful fireworks. it's 6:00, 6:01. it's pretty chilly here. if you have to go to work this morning, bundle up for your commute. storm team 4 meteorologist veronica johnson has the forecast. >> bundle up for sure. the current temperatures there. but look at the windchill readings. they're 5, 6, 7 degrees lower than the actual air temperature. it's not taking much. only a wind of 5 to 10 miles per hour. for this area now, it's a westerly wind. again, it's bringing the numbers down. sandy spring windchill reading at 22 degrees. east into prince george's county,
we're no longer counting the days but the hoursntil we reach the fiscal cliff. congress goes back to work in a few hours. at the last minute, the vice president is getting involved. we're going to have the latest on those talks ahead. >>> right now, at 6:00, here it is. already 2013 in auckland, new zealand. this is a live look there right now. they are the first to ring in this new year. >> exciting. >> very exciting. happy new year. >> happy new year to you too and...
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reverse the tax hikes on 98% of americans that took effect at the midnight fiscal cliff. but leaving place a tax hike on the wealthy. incomes over $400,000. and postponed deep spending cuts. democrats pushed for house approval. >> the issue of whether we have an up or down vote shouldn't be a question. >> reporter: house republicans battled. the faction demanding budget cuts be added to the bill. >> and the senate and how that we are serious about cutting spending. though they're not. >> reporter: time to count heads. >> yeah we are going to whip and see where we are and vote. >> reporter: the moderates won. a vote set on what the senate passed. house passage all but assured. >> we are working hard to pull ourselves back from that, that cliff. we went over the cliff. pulling ourselves back. >> reporter: it is not a one-day quick fix. looks like the final margin of victory in the house will be exactly 40 votes. there may be some shakeout there. but it is a solid win, bipartisan win, in the house. a win for president obama. who will sign this fiscal cliff fix as soon as he
reverse the tax hikes on 98% of americans that took effect at the midnight fiscal cliff. but leaving place a tax hike on the wealthy. incomes over $400,000. and postponed deep spending cuts. democrats pushed for house approval. >> the issue of whether we have an up or down vote shouldn't be a question. >> reporter: house republicans battled. the faction demanding budget cuts be added to the bill. >> and the senate and how that we are serious about cutting spending. though...
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russia's president signs a bill banning adoption to the u.s. >>> you'll know about the fiscal cliff. but have you heard about the mill i can cliff. why prices could soar to $8 a gallon. we take a look at how we covered the events and people who made headlines in 2012 all when we get started on "today." for now, back to you in washington, aaron. >>> savannah. thank you. we'll see you in a bit. >>> delays happen on the metro. a woman went into labor on the red line. she didn't actually give birth at the gallery place stop. metro stopped the train to wait for an ambulance. medics got her to the hospital in time to deliver her baby. >>> happy birthday to the new baby. >> yes. and no crazy story to tell years from now. >> thankful. all right. >> it is 6:38 right now. we may have lost dick clark this year, but his legacy will be living on in times square this new year's eve. >> the tributes to the former military leader affectionately known as stormin' norman. >>> the preparations under way in maryland and virginia this morning as highway crews brace for winter weather. >> we're enjoying a
russia's president signs a bill banning adoption to the u.s. >>> you'll know about the fiscal cliff. but have you heard about the mill i can cliff. why prices could soar to $8 a gallon. we take a look at how we covered the events and people who made headlines in 2012 all when we get started on "today." for now, back to you in washington, aaron. >>> savannah. thank you. we'll see you in a bit. >>> delays happen on the metro. a woman went into labor on the red...
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markets are reacting positively to the fiscal cliff vote. stocks are up 2%. european stocks are also up right now. this congressional term will end without the house voting on a bill to help victims of sandy. new york area lawmakers from both party are furious over house republicans leaders decision not to hold the vote. this congress term end at noon tomorrow. house speaker john boehner's spokesman says the congressman is committed to getting the bill passed this month. that isn't good enough for some of his colleagues from new york. >> absolutely inexcusable. we have a moral obligation to hold this vote. the people who are out of their homes and who are cold and without food, the people who lost their jobs. they don't have the time to wait. we cannot walk away from our responsibilities. >> it is our obligation not as democrats, not as republicans but as americans to make sure that we come to the aid of americans. >> more than $2 billion of federal money has been spent so far on relief efforts. fema still has more than $4 billion in its disaster relief fund
markets are reacting positively to the fiscal cliff vote. stocks are up 2%. european stocks are also up right now. this congressional term will end without the house voting on a bill to help victims of sandy. new york area lawmakers from both party are furious over house republicans leaders decision not to hold the vote. this congress term end at noon tomorrow. house speaker john boehner's spokesman says the congressman is committed to getting the bill passed this month. that isn't good enough...
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we're talking about falling off the fiscal cliff. no one here says they want to see that, but can they really get something done this time? what is the fiscal cliff that we keep talking about happening at the end of the year? it's a number of things that could affect you and your family all at once. the unemployment benefits that have been extended and extended again. they're expiring. the 2% payroll tax cut, it's expiring as well. the bush tax cuts expiring at the end of the year. medicare payments, big cut coming for doctors and hospitals there. and automatic spending cuts that could affect the pentagon, $500 billion just at the pentagon. bogey their number two supplier already announced a second round of executive layoffs. are republicans and democrats here on capitol hill willing to work together? >> the american people want us to work together. republicans want us to work together. >> mr. president, this is your moment. we're ready to be led. not as democrats or republicans, but as americans. we want you to lead. not as a libera
we're talking about falling off the fiscal cliff. no one here says they want to see that, but can they really get something done this time? what is the fiscal cliff that we keep talking about happening at the end of the year? it's a number of things that could affect you and your family all at once. the unemployment benefits that have been extended and extended again. they're expiring. the 2% payroll tax cut, it's expiring as well. the bush tax cuts expiring at the end of the year. medicare...
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but they failed to reach an agreement on something to avoid the so-called fiscal cliff. that's the combination of big spending cuts and the end of the bush tax cuts. and many economists say if this happens, it could push the economy over a cliff and into another recession. >>> well, it doesn't look like members are going to vote on the president's veterans jobs corps bill either. there's also a farm bill which inlose a relief -- includes a relief for states hit hard by the yore's drought. another bill expedites reforms for the u.s. postal service. >>> argue police are searching for a -- arlington police are searching for a man who sexually assaulted a woman over the weekend who's deaf and mute. >> as andrea mccarren reports police detectives had to rely solely on written communications with the victim. >> it was dropped off by a cap at the rosslyn metro station where she went understood ground to catch a -- underground to catch a metro. >> reporter: in the early hours last saturday morning the victim was returning to virginia after a night out in d.c.. >> upon learning t
but they failed to reach an agreement on something to avoid the so-called fiscal cliff. that's the combination of big spending cuts and the end of the bush tax cuts. and many economists say if this happens, it could push the economy over a cliff and into another recession. >>> well, it doesn't look like members are going to vote on the president's veterans jobs corps bill either. there's also a farm bill which inlose a relief -- includes a relief for states hit hard by the yore's...
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. >> stocks are higher today so far on signs of the progress in the fiscal cliff talks. the dow is up 90 to 13,225. the s&p is up 12 to 1,426. with just 14 days to go before going over the fiscal cliff of automatic tax hikes and spending cuts, house speaker john boehner offered a proposal to raise taxes for people making $1 million or more a year if the white house will commit to bigger cuts in entitlement programs. tax hikes will generate $1 trillion in revenue over ten years. wall street watching this crucial week for fiscal cliff talks. >>> bank and technology stocks among the early performers. sprint announced terms after buyout deal for the wireless internet access company. modest growth predicted next year led by rising demand for housing. housing starts and existing home sales will come out later in the week. next friday a bigger read on consumer spending during this holiday season. now back to you. >>> for some, yoga is the ultimate stress reliever. this time of year a lot of us could use a little stress relief. kim weeks have balanced yoga is here to show us how
. >> stocks are higher today so far on signs of the progress in the fiscal cliff talks. the dow is up 90 to 13,225. the s&p is up 12 to 1,426. with just 14 days to go before going over the fiscal cliff of automatic tax hikes and spending cuts, house speaker john boehner offered a proposal to raise taxes for people making $1 million or more a year if the white house will commit to bigger cuts in entitlement programs. tax hikes will generate $1 trillion in revenue over ten years. wall...
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this fiscal cliff. three budget standoffs. i mean, this congress has been uniquely atrocious. >> tom? >> the fact is the system is rigged. 75% of the congressmen come from gerrymandered districts in which they are bulletproof. they only play to one constituency. they have a choir back home. and that's a huge part of the problem here. there's another reality in this town today. we need a lighter moment here. a lot of folks as i was coming into the office today said they have to get it done by kickoff time tonight. >> that's right. >> it's a good thing nbc moved the kickoff to primetime. it's very important. >> david, i think it's also important to go back to the president's argument, that, you know, you have to be able to say yes to something that's reasonable. conservatives have argued that he's effectively exposed big internal divisions in the republican party that they have yet to work out, which prevents them from getting to a reasonable place of compromise to then move on to fight other battles. >> well, boehner was close
this fiscal cliff. three budget standoffs. i mean, this congress has been uniquely atrocious. >> tom? >> the fact is the system is rigged. 75% of the congressmen come from gerrymandered districts in which they are bulletproof. they only play to one constituency. they have a choir back home. and that's a huge part of the problem here. there's another reality in this town today. we need a lighter moment here. a lot of folks as i was coming into the office today said they have to get...
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president obama said the approaching fiscal cliff will add to the holiday stress for american families. the president did not meet with congressional leaders on the fiscal cliff, instead, he met with a local middle class family. danielle lee joins us from capitol hill. danielle? >> reporter: doreen, president obama said he's highlighting the impact of tax heights on the middle class. there's growing pressure to stop the campaigning and sit down face to face. avoiding the bickering on capitol hill today, president obama headed to northern virginia. he sat down with tiffany santana and her family to put a face on the fiscal cliff. >> for them to be burdened unnecessarily because democrats and republicans aren't coming together to solve this problem, gives you a sense of the costs involved in very personal terms. >> reporter: tef any had used twitter to tell the president her family can't afford a tax increase. and the white house released this video. >> $2,000 for me would be paying a month's rent. >> reporter: back in washington, more gridlock. >> it's up to the republicans to decide ho
president obama said the approaching fiscal cliff will add to the holiday stress for american families. the president did not meet with congressional leaders on the fiscal cliff, instead, he met with a local middle class family. danielle lee joins us from capitol hill. danielle? >> reporter: doreen, president obama said he's highlighting the impact of tax heights on the middle class. there's growing pressure to stop the campaigning and sit down face to face. avoiding the bickering on...
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ahead the fiscal cliff compromise will still cost you. while your paycheck will still be a little lighter. >>> and our fellow citizens would expect us to respond. >>> plus, outrage over a vote that didn't happen. why lawmakers on both sides of the aisle are upset this morning. >>> also, a long awaited metro project could finally be complete. >>> your chilly forecast. weather and traffic on the 1s [ elizabeth ] i like to drink orange juice or have lemon in my water... eat tomato sauce on my spaghetti. the acidic levels in some foods can cause acid erosion. the enamel starts to wear down. and you can't grow your enamel back. i was quite surprised, as only few as four exposures a day what that can do to you. it's quite a lesson learned. my dentist recommended that i use pronamel. because it helps to strengthen the enamel. he recommended that i use it every time i brush. you feel like there is something that you're doing to help safeguard against the acid erosion. and i believe it's doing a good job. to help safeguard against the acid erosion
ahead the fiscal cliff compromise will still cost you. while your paycheck will still be a little lighter. >>> and our fellow citizens would expect us to respond. >>> plus, outrage over a vote that didn't happen. why lawmakers on both sides of the aisle are upset this morning. >>> also, a long awaited metro project could finally be complete. >>> your chilly forecast. weather and traffic on the 1s [ elizabeth ] i like to drink orange juice or have lemon in my...
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what they heed to do now is avoid the fiscal cliff and make a long-term deal. i understand the president's reluctance to extend a tax cuts for upper income people again, have a lot to do with the calendar, the timing, when you had all of those republican candidates for president saying they would oppose a budget deal that had $10 in tax cut spending, excuse me, spending cuts for every 1 dollar in tax increases, that won't work. nobody thinks it will work, you can't get this budget deal, the simpson-bowles commission said you can't bring the debt doubt without three things, economic growth, spending restraint and some revenues. a balanced approach. i think that is what he wants. that is what i support. i don't think that he can give that if he gives away one leg of the three legged stool before the negotiations even start .. that is really what is going on here. >> so if he had to do that just temporarily, you would -- he would do that? >> no, i think -- i don't know what they are going to do to avoid the fiscal cliff. but if you look at what senator durbin is s
what they heed to do now is avoid the fiscal cliff and make a long-term deal. i understand the president's reluctance to extend a tax cuts for upper income people again, have a lot to do with the calendar, the timing, when you had all of those republican candidates for president saying they would oppose a budget deal that had $10 in tax cut spending, excuse me, spending cuts for every 1 dollar in tax increases, that won't work. nobody thinks it will work, you can't get this budget deal, the...
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leaders say they're willing to compromise to avoid the fiscal cliff. they're confident they can reach agreement on a spending plan before the end of the year to avoid billions in tax hikes and spending cuts. they said they're willing to allow some tax hikes to end the budget stalemate. democrats also say they're willing to cut spending. >> in the senate where we've actually gotten rid of tax credits, i think that's a given, and i think the vast majority of americans agree with that. >> i think, if the house stands for anything, it's cut government spending, as tom coburn said. we have to do more of it. we heard the mandate in 2010 where it was a clear mandate, cut spending, and we did. >> economists warn that the unemployment rate could soar to over 9% if no deal is reached, and that could send us into a deep recession. >>> new this morning, a man is in the hospital after being pulled from the c&o canal. firefighters pulled the victim from the water around 11:00 last night. it's not clear how he fell into the canal. at last check he was listed in criti
leaders say they're willing to compromise to avoid the fiscal cliff. they're confident they can reach agreement on a spending plan before the end of the year to avoid billions in tax hikes and spending cuts. they said they're willing to allow some tax hikes to end the budget stalemate. democrats also say they're willing to cut spending. >> in the senate where we've actually gotten rid of tax credits, i think that's a given, and i think the vast majority of americans agree with that....
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. >> this morning, there's hope that a deal to avoid the fiscal cliff could be in reach. john boehner will brief his fellow republicans on the talks between him and president obama. boehner agreed to accept tax hikes for the wealthiest americans. the increases would affect households that earn more than $400,000 a year. until now, the white house has insisted americans earning more than $250,000 a year pay more in taxes. the president has reportedly agreed to more spending cuts and social security reforms. >>> a popular orange juice maker is coming out with something new and it has more than just fruit. >>> plus, fletcher is blaming for a fight involving his family members. >>> 6:25. a big change for a popular toy. the new version of the easy-bake oven inspired by a passionate little girl. >>> the juice maker tropicana is adding veggies to its juice. it will introduce a juice called farm stand containing beets, sweet potatoes and yellow and orange carrots. it comes as fruit juice sales are on the decline. we're talking about trying to get more vegetables in our diet. that
. >> this morning, there's hope that a deal to avoid the fiscal cliff could be in reach. john boehner will brief his fellow republicans on the talks between him and president obama. boehner agreed to accept tax hikes for the wealthiest americans. the increases would affect households that earn more than $400,000 a year. until now, the white house has insisted americans earning more than $250,000 a year pay more in taxes. the president has reportedly agreed to more spending cuts and social...
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. >>> with the fiscal cliff approaching, the pentagon is already planning major cuts. if a deal cannot be reached, $500 billion in jobs and programs will be cut. the pentagon spokesman says those cuts could force the defense department to abandon its new military strat george mitchell it's also likely to affect spending, as well as how the military provides for troops and their families. >>> this morning, signs that there may actually be movement on the fiscal cliff talks. kayla is live with that. >> reporter: a little bit of movement potentially. president obama and house speaker john boehner spoke by phone yesterday as democrats and republicans continue to dig their heels in over this budget standoff. there's been no announcement of any new face the face talks as lawmakers try to reach a deal to avoid the so called fiscal cliff in january. treasury secretary tim geithner tells cnbc republicans have made a little progress, but the obama administration is "absolutely ready to go over the cliff if the gop doesn't agree to raise tax rates on wealthy americans." apple has
. >>> with the fiscal cliff approaching, the pentagon is already planning major cuts. if a deal cannot be reached, $500 billion in jobs and programs will be cut. the pentagon spokesman says those cuts could force the defense department to abandon its new military strat george mitchell it's also likely to affect spending, as well as how the military provides for troops and their families. >>> this morning, signs that there may actually be movement on the fiscal cliff talks....
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potential expiration of so-called bush tax cuts in 2001 and 2003 is the single biggest item in the fiscal cliff. >> reporter: meanwhile, the finances for the race for the white house took a turn. team romney raised $78.8 million in may and surging ahead of team obama at 60. the democrats year-to-date total remains far higher, $510 to 400 million. it will be more than 2 billion by november. a lot of it to be spent in the fight over taxes. a deal on tax rates before the election looks impossible. i'm steve handelsman, news 4, capitol hill. >>> a new poll says americans are more concerned about cutting energy costs than going on vacation. the only issues that were of greater concern were education and health care. but there were limits to what people were willing to sacrifice for more energy-efficient lives. about half in the poll said they would find it hard to buy a more fuel-efficient car or to join a carpool in the next year. but smaller steps such as turning off the lights and turning down the heat were the more common ways people said they chose to reduce energy in the past year. >>> v
potential expiration of so-called bush tax cuts in 2001 and 2003 is the single biggest item in the fiscal cliff. >> reporter: meanwhile, the finances for the race for the white house took a turn. team romney raised $78.8 million in may and surging ahead of team obama at 60. the democrats year-to-date total remains far higher, $510 to 400 million. it will be more than 2 billion by november. a lot of it to be spent in the fight over taxes. a deal on tax rates before the election looks...
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let's remind our viewers what we mean when we talk about the fiscal cliff. this is what is happening at the end of the year. the bush tax cuts expire, so taxes go up. the emergency unemployment benefits end. the 2011 payroll tax holiday expires. the alternative minimum tax kicks in. taxes automatically go up. plus, at the same time, you have nearly $1 trillion in spending cuts that are automatic. that's what we mean by the sequester. half of that in defense. also non-defense cuts are triggered. that's what has to be averted, senator coburn. and here's my bottom line question. my view is that if there's a mandate from this election it's about compromise in washington. so what pain do republicans have to accept to get to a deal in your judgment? >> well, i think you heard the speaker of the house put forward that they're ready for the president to lead. they're ready to agree to revenue increases. but i think they're also interested in making sure that we downsize appropriately the federal government in terms of its waste. there is -- there is no question that
let's remind our viewers what we mean when we talk about the fiscal cliff. this is what is happening at the end of the year. the bush tax cuts expire, so taxes go up. the emergency unemployment benefits end. the 2011 payroll tax holiday expires. the alternative minimum tax kicks in. taxes automatically go up. plus, at the same time, you have nearly $1 trillion in spending cuts that are automatic. that's what we mean by the sequester. half of that in defense. also non-defense cuts are triggered....
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known as a tough, fiscal conservative, he continues pushing for financial balance and avoiding the fiscal cliff under a republican administration. >> mitt romney is saying we'll deal with this right away, prevent this cliff, this massive tax increase, these devastating defense cuts from taking place. >> right away. >> right away yes, right away. >> romney revealed the plan in new mexico yesterday promising energy independence by 2020. he will achieve this goal with a focus on oil and gas production over alternative forms of energy. >> the wind subsidies will continue for the next ten years. but i do believe that at some point an industry has to stand on its own and be competitive. >> reporter: the white house was quick to slam back that romney's plan would take the country backwards. >> this is a narrow view and a dangerous view, if you think about how important energy security is and production of energy is to our national security interest. >> but romney is touting that his energy plan will create 3 million new jobs. he'll talk more about that and the economy when he teams up, again, wi
known as a tough, fiscal conservative, he continues pushing for financial balance and avoiding the fiscal cliff under a republican administration. >> mitt romney is saying we'll deal with this right away, prevent this cliff, this massive tax increase, these devastating defense cuts from taking place. >> right away. >> right away yes, right away. >> romney revealed the plan in new mexico yesterday promising energy independence by 2020. he will achieve this goal with a...
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and a new battle over the fiscal cliff. the election celebration is short-lived. a surprise resignation by cia director david petraeus comes days before congressional hearings over the attack on th u.s. consulate in benghazi. we'll get reaction this morning from capitol hill and the very latest reporting on this developing story from our chief foreign affairs correspondent andrea mitchell, who broke the story friday afternoon. also the president and republicans get set to negotiate new taxes and spending cuts. is a breakthrough possible? >> i'm open to compromise. i'm open to new ideas. we've debated over and over again. and on tuesday night we found out that the majority of americans agree with my approach. >> mr. president, this is your moment. we're ready to be led. not as democrats or republicans but as americans. now, we want you to lead. >> where does it all go from sneer we'll ask democratic senator from new york chuck schumer and republican senator from oklahoma tom coburn. also we check in with cnbc's jim cramer, hear about the economic stakes should wash
and a new battle over the fiscal cliff. the election celebration is short-lived. a surprise resignation by cia director david petraeus comes days before congressional hearings over the attack on th u.s. consulate in benghazi. we'll get reaction this morning from capitol hill and the very latest reporting on this developing story from our chief foreign affairs correspondent andrea mitchell, who broke the story friday afternoon. also the president and republicans get set to negotiate new taxes...
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coming up at 10:00 on "the chris matthews show," will the final deal on the fiscal cliff be the grand bargain that puts the debt issue to bed or just enough to get past the cliff? or could the president get big concessions from john boehner and force liberals to sign off a-o a big inteelgtsment change? much more talk the past week about hillary clinton gearing up to run for president. in a new washington post poll, her numbers like like they would give her a quick route to the nomination. and a strong chance to win the white house for a clinton third term. join me and david ignatius, john harris, michele caruso ka fwrar cabrera for a great round table. here's what's coming up on "meet the press." ma,ñ0ót5 behind?n00o thisu this morning i'll go inside negotiations with two lawmakers close to them, dick durbin of illinois and congressman, one of boehner's top advisers. i spent time on capitol hill this week. one question i'm dealing with this morning, what has actually changed since last summer's debt debacle? my sense is we may be closer to a deal than some of all the publicr7ó(w- l
coming up at 10:00 on "the chris matthews show," will the final deal on the fiscal cliff be the grand bargain that puts the debt issue to bed or just enough to get past the cliff? or could the president get big concessions from john boehner and force liberals to sign off a-o a big inteelgtsment change? much more talk the past week about hillary clinton gearing up to run for president. in a new washington post poll, her numbers like like they would give her a quick route to the...
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. >>> president obama is warning republicans not to use the fiscal cliff to try to win concessions on raising the nation's borrowing limit. nbc's danielle lee is live on capitol hill this afternoon where a perfect storm over spending and borrowing and taxes is shaping up here at the end of the year. danielle? >> reporter: pat, that's a good way to describe it. both sides are digging in their heels, and with no move to avoid the fiscal cliff, or to raise the debt ceiling which is currently at $16.4 trillion, now there's new concern about what could happen to our credit rating in the new year. each day toward the fiscal cliff is also another day closer to the country maxing out on its borrowing limits. president obama called it a dangerous lesson when he talked to business leaders today. >> the only thing that debt ceiling is good for as a weapon is to destroy your credit rating. >> reporter: he's worried republicans may refuse to raise the debt ceiling and risk defaulting on the country's loan. >> that is a bad strategy for america. it's a bad strategy for your businesses. and it is no
. >>> president obama is warning republicans not to use the fiscal cliff to try to win concessions on raising the nation's borrowing limit. nbc's danielle lee is live on capitol hill this afternoon where a perfect storm over spending and borrowing and taxes is shaping up here at the end of the year. danielle? >> reporter: pat, that's a good way to describe it. both sides are digging in their heels, and with no move to avoid the fiscal cliff, or to raise the debt ceiling which is...
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Dec 30, 2012
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. >>> and the action we could see today to avoid a deep dive off the fiscal cliff. >>> we had a light dusting of snow move through, however -- >> but instead of the snow today the wind may be the big talker. let's get the big forecast with the meteorologist. >> it's going to be a windy day. we are looking at temperatures, 30s across the board. but it's windchill in lex con that i am worried about. look at the 38-mile-per-hour wind gusts in winchester. the temperatures feel like the 20s everywhere this morning and it feels like the teens in winchester, so dress what it looks like, and obviously the 54 is a mistake in annapolis. and the forecast high says 39 but it will feel like the 20s today. at least we get the sunshine back. we will talk about the redskins forecast and the 7-day forecast looking right into the new year when i see you guys in just a bit. >>> the country is two days from going over the so-called fiscal cliff. both the house and senate will be in session this sunday to prevent tax hikes and spending cuts that could go into effect on tuesday, and we could see a vote as
. >>> and the action we could see today to avoid a deep dive off the fiscal cliff. >>> we had a light dusting of snow move through, however -- >> but instead of the snow today the wind may be the big talker. let's get the big forecast with the meteorologist. >> it's going to be a windy day. we are looking at temperatures, 30s across the board. but it's windchill in lex con that i am worried about. look at the 38-mile-per-hour wind gusts in winchester. the...
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Nov 14, 2012
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he'll talk about the fiscal cliff and likely be pushed to comment on the petraeus scandal. that news conference scheduled to start at 1:30ed too. nancy pelosi expected to have a press conference today as well. she will announce whether she'll try to hold on to her position as leader of the democratic minority. maryland's chris van holland is on the short list if pelosi did not decide to run again, but he is on record saying he bleebeli she will run again for that position. >>> this morning an international effort to keep your cell phone out of the hands of thieves. both mexican and european cell providers will not activate a stolen phone. that's at the request of the federal communications commission. the theft of cell phones has jumped 64% since 2007. >>> crews are repaving pennsylvania avenue to get ready for the inauguration on january 21st. while that project is under way, cyclists and drivers will have to share a stretch of pennsylvania between 3rd and 14th streets northwest. ddot says most of the paving will happen overnight. it should take about ten days to complet
he'll talk about the fiscal cliff and likely be pushed to comment on the petraeus scandal. that news conference scheduled to start at 1:30ed too. nancy pelosi expected to have a press conference today as well. she will announce whether she'll try to hold on to her position as leader of the democratic minority. maryland's chris van holland is on the short list if pelosi did not decide to run again, but he is on record saying he bleebeli she will run again for that position. >>> this...
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Nov 11, 2012
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also, the new fight over the fiscal cliff in washington. averting big tax increases and big spending cuts. how will the president negotiate with congressional republicans. we'll hear from republican senator tom coburn, democratic senator chuck schumer. >>> also, after the election, what's the future for the gop? our round table weighs in, when we see you this morning on "meet the press." stay tuned after the program for my press pass conversation with ben smith of buzzfeed.com on this first social media election. what did it mean? >>> preparations are under way for the 86th annual macy's thanksgiving day parade. crews tested the three new additions to this year's parade. papa smurf, hello kitty and elf on the shelf. the tests make sure that the balloons will float properly on the manhattan parade route. you catch these and all the other festivities thursday, november 22nd at 9:00 a.m. right here on nbc 4. >>> somewhere over the rainbow, someone bought the iconic blue dress judy garland we're as dorothy in "the wizard of oz." the dress sold
also, the new fight over the fiscal cliff in washington. averting big tax increases and big spending cuts. how will the president negotiate with congressional republicans. we'll hear from republican senator tom coburn, democratic senator chuck schumer. >>> also, after the election, what's the future for the gop? our round table weighs in, when we see you this morning on "meet the press." stay tuned after the program for my press pass conversation with ben smith of...
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senator schumer and coburn on how to avoid the fiscal cliff. we'll unpack the election results and talk about just how the republican party moves in a new direction. >> and a fun press pass, huh? >> yeah, that's right. it was interesting. this is the first social media election we've had. so ben smith of buzzfeed.com reflects on that and talks about where all that is going. >> i remember on election night, they were one of trending topics here in this d.c. area. >> yeah, yeah, interesting guy. 20 million election-related tweets. >> record-breaking. >> thanks, david. >> chuck, what's going on? >> we are just about ready to have the sun come up in our eastern horizon on what promises to be a very nice veterans day sunday. i'll give you a check of today's ♪ i -- i got it, i got it made ♪ ♪ i got it made, i got it made ♪ ♪ i got it made fresh at subway ♪ ♪ breakfast made the way i say ♪ [ male announcer ] at subway, you got it made. try a steak, egg white & cheese, tricked out any way you want. subway. eat fresh. >>> you're watching
senator schumer and coburn on how to avoid the fiscal cliff. we'll unpack the election results and talk about just how the republican party moves in a new direction. >> and a fun press pass, huh? >> yeah, that's right. it was interesting. this is the first social media election we've had. so ben smith of buzzfeed.com reflects on that and talks about where all that is going. >> i remember on election night, they were one of trending topics here in this d.c. area. >> yeah,...
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Dec 18, 2012
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. >>> 1 days now until the fiscal cliff deadline and there is at least one thing president obama and house speaker john boehner agree on and that's a tax hike on the rich. there's month celebration yet. lot of work still to be done. steve handelsman on capitol hill now. law make verse not quite agreed on how to define the very rich. steve? >> thanks. here on the hill, little more optimism. still the hang-up over which of the rich might get a tax rate hike starting january 1. people, families, making a million or more a year or much larger group making 400,000. >> what do we want? >> reporter: protesters came to the capitol dempedding republicans agree to tax hikes on the top 2% of americans. the original obama plan that he campaigned on. but speaker john boehner is pushing a new compromise to the calling plan b. taxes on the wealthiest 1% would go back to the clinton era rate of almost 40% on income over $1 million. in trade for taxes on everyone else, not rising january 1. >> our plan b would protect american taxpayers who make a million dollars or less and have all of their current
. >>> 1 days now until the fiscal cliff deadline and there is at least one thing president obama and house speaker john boehner agree on and that's a tax hike on the rich. there's month celebration yet. lot of work still to be done. steve handelsman on capitol hill now. law make verse not quite agreed on how to define the very rich. steve? >> thanks. here on the hill, little more optimism. still the hang-up over which of the rich might get a tax rate hike starting january 1....
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Dec 28, 2012
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. >>> now to the latest on the fiscal cliff talks tonight. a group of congressional leaders dropped a ball of their own today. theirs was a symbolic gesture. and released a disco ball. nothing to dance about tonight, but a meeting on the fiscal cliff just wrapped up at the white house. president obama and top congressional leaders were trying to come up with ways to avoid the tax hikes and spending cuts set to kick in next week. keith russell with more on the budget talks that ended about 45 minutes away. >> jim, the meeting started at 3:10 and ended at 4:15. the four congressional leaders left without speaking to the media. with $600 billion in tax hikes set to take effect new year's day. senior advisers said the president was set to make a small offer with the full support of reid and pelosi. nbc news has learned that a previous offered made by the president, the one that involved a tax increase for only those earning more than $400 is off the table. advisers say that was part of a bigger proposal that speaker boehner did not accept. it loo
. >>> now to the latest on the fiscal cliff talks tonight. a group of congressional leaders dropped a ball of their own today. theirs was a symbolic gesture. and released a disco ball. nothing to dance about tonight, but a meeting on the fiscal cliff just wrapped up at the white house. president obama and top congressional leaders were trying to come up with ways to avoid the tax hikes and spending cuts set to kick in next week. keith russell with more on the budget talks that ended...